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Oct 28, 2013
10/13
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don't worry about the black box. >> and of course there was a day when just your taxes would pay for the roads. that's an interesting thought. we'll see you tomorrow. this was a man that once said i have a ba in dope and a ph.d. in soul. one of his classic lines. lou reed. lead singer of the band velvet underground died. the word icon, we throw it around a lot these days but there's little other way to describe lou reed. he influenced musicians from david bowie to talking heads and beyond that. velvet underground was backed and produced by andy warhol with the iconic banana on the cover of the first album. that album was a flop. it only sold 30,000 copies in it's first five years but one producer famously characterized the group's influence saying but everyone who bought one of those 30,000 copies started a band. his solo career spawned his most famous single, walk on the wild side. his music could be pretty complicated and confounding. he was open about his experiences with drugs and sex and claimed his inspirations came from a primal place that included his hometown of new york. >>
don't worry about the black box. >> and of course there was a day when just your taxes would pay for the roads. that's an interesting thought. we'll see you tomorrow. this was a man that once said i have a ba in dope and a ph.d. in soul. one of his classic lines. lou reed. lead singer of the band velvet underground died. the word icon, we throw it around a lot these days but there's little other way to describe lou reed. he influenced musicians from david bowie to talking heads and beyond...
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Oct 29, 2013
10/13
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CNBC
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that is well accepted in the united states such as income tax and inheritance tax. in this case we have a transfer of wealth from the healthy people to the ill. but nobody who is healthy wants to sign up because they are healthy and don't have to pay so they would take the $95 short term penalty. and i think the insurance pool is going to turn out to be quite unattractive. >> i guess my question is if we believe that these glitches will be solved and obama care will be rolled out as intended, then there is just a minor blip in the stocks but they will see that enrollment pick up later. sounds like you're saying that perhaps it will never reach what it was meant to be in that it will be a drain eventually on these insurers because we are not getting the healthy participants to offset the cost of the ill. >> i don't know if it ever gets repealed. it's been endorsed in a couple of ways. but i think as we actually live it, people may find it's not what was sold to them or what was expected. i think the mechanics of signing up work. but i think that the policies of it al
that is well accepted in the united states such as income tax and inheritance tax. in this case we have a transfer of wealth from the healthy people to the ill. but nobody who is healthy wants to sign up because they are healthy and don't have to pay so they would take the $95 short term penalty. and i think the insurance pool is going to turn out to be quite unattractive. >> i guess my question is if we believe that these glitches will be solved and obama care will be rolled out as...
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Nov 2, 2013
11/13
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MSNBC
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. >>> now that colorado legalized marijuana, they're deciding whether or not to impose a 15% sales tax to raise an estimated $40 million for school construction. i guess they're lighting it up for the kids. >>> back east, new jersey residents are set to vote for an amendment to their state constitution to raise the minimum wage to $8.25 an hour. plus annual adjustments for inflation. the state legislature passed a bill with a rate increase this year but it cot a veto from governor chris christie who said it would, quote, jeopardize the economic recovery. and if you didn't think it was hairy enough out there, november is being coined mo-voember men grow a mustache as part of an effort to raise money and awareness for prostate and testicular cancer. bars and restaurants offer it special deals to raise deals. go online to find out more and register. >>> and that's this week's fyi. >>> coming up, i'll preview the conversation with a national leader whose secret to secret is discipline, disruption and dark chocolate. >> so understand that this is the republican party, you know, i used to sa
. >>> now that colorado legalized marijuana, they're deciding whether or not to impose a 15% sales tax to raise an estimated $40 million for school construction. i guess they're lighting it up for the kids. >>> back east, new jersey residents are set to vote for an amendment to their state constitution to raise the minimum wage to $8.25 an hour. plus annual adjustments for inflation. the state legislature passed a bill with a rate increase this year but it cot a veto from...
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Oct 30, 2013
10/13
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we get taxed. and since we all benefit, there are parts of this law that also require everybody to contribute. that require everybody to take some measure of responsibility. so, to help pay for the law, the wealthiest americans, families who make more than $250,000 a year, they have to pay a little bit more. the most expensive employer health insurance plans no longer qualify for unlimited tax breaks. some folks aren't happy about that, but it's the right thing to do. just like in massachusetts, most people who can afford health insurance have to take responsibility to buy health insurance or pay a penalty. employers with more than 50 employees are required to provide health insurance to their employees or pay a penalty. because they shouldn't just dump off those costs to the rest of us. everybody has some responsibilities. now, it is also true that some americans who have health insurance plans that they bought on their own through the old individual market are getting notices from their insurance
we get taxed. and since we all benefit, there are parts of this law that also require everybody to contribute. that require everybody to take some measure of responsibility. so, to help pay for the law, the wealthiest americans, families who make more than $250,000 a year, they have to pay a little bit more. the most expensive employer health insurance plans no longer qualify for unlimited tax breaks. some folks aren't happy about that, but it's the right thing to do. just like in...
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Oct 30, 2013
10/13
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FBC
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. >> the government has a printing press that can extract tax dollars. >> but the government pushed the atmosphere that triggered this. >> absolutely. fannie mae and freddie mac said seles whatever we do have and we don't care what the bundled in her or good or bad. neil: so it's like at birth rate. >> absolutely. it's like acquiring countrywide and nurse turns. it can seek reimbursement from insurance corporation for some of the fine was paid into the treasury. >> that's the thing they're trying trying to iron out. any of these punishments that are a result of the property that you have talked about. deflate the government is saying that we still think that that should be on your back. >> for the lawyers of chase, as you and i are doing the show, we are arguing with the government's lawyers try to suggest here is how a judge and jury would rule. the government's lawyers are saying, are you kidding, a jury would give us 10 times this amount. it doesn't mean that they will have the moniker of a dozen heart is working words of the greatest knowledge will save chase most money he. neil: so
. >> the government has a printing press that can extract tax dollars. >> but the government pushed the atmosphere that triggered this. >> absolutely. fannie mae and freddie mac said seles whatever we do have and we don't care what the bundled in her or good or bad. neil: so it's like at birth rate. >> absolutely. it's like acquiring countrywide and nurse turns. it can seek reimbursement from insurance corporation for some of the fine was paid into the treasury. >>...
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Oct 31, 2013
10/13
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they will make them pay the tax. >> it works like a sales tax. any time you add a tax on to something that people are purchasing it adds to the cost. >> the taxes are on the insurance companies. they want to keep their profit margin a specific target and they will pass it on to the consumer. they don't have to do that. >> the cost of providing care is increasing. any time you increase the cost it adds to the cost of the coverage. they said that clearly when the law was enacted. the tax would raise health insurance premiums. >> is the insurance industry worried that it's not going to be profitable? >> what we learn side that coverage is not affordable. we know from experience if you have reform similar to what is included in the aca, premiums skyrocket and the market detablizes. we need to make sure we have enrollment that stays the same and doesn't get moved. people can have coverage. those are the things we focus on. these reforms won't work. >> is massachusetts the model when you look back, does that model work? that is what works for the insur
they will make them pay the tax. >> it works like a sales tax. any time you add a tax on to something that people are purchasing it adds to the cost. >> the taxes are on the insurance companies. they want to keep their profit margin a specific target and they will pass it on to the consumer. they don't have to do that. >> the cost of providing care is increasing. any time you increase the cost it adds to the cost of the coverage. they said that clearly when the law was...
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Nov 4, 2013
11/13
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FOXNEWSW
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president obama's strategy is to double down with a tax the republicans and to shade the truth or ignore the truth. the republicans are just attack, and bottom line, american people, incredibly angry. >> and pat, you were comparing president obama and hinting at his disapproval rating, i believe. let's put the numbers up on the screen. this is a very recent poll taken in the last week or so, and weight shows is that the disapproval number has ticked up above 50% now, and continued to go north. >> yeah, and the approval rating is the lowest in the poll. let me tell you, i was the youngest person on the rich nerd nixon's list, and whether it's on benghazi or health care, and getting up and telling people, knowing you are lying and we now know from the reports they knew what they were doing, they could not have won the election -- >> you are talking about health care? >> health care. the red line, i am the sergeant of defense -- but the corruption is as great as under richard nix nixon. >> it's the line that if you like your insurance can you keep your insurance. >> how sticky is the percep
president obama's strategy is to double down with a tax the republicans and to shade the truth or ignore the truth. the republicans are just attack, and bottom line, american people, incredibly angry. >> and pat, you were comparing president obama and hinting at his disapproval rating, i believe. let's put the numbers up on the screen. this is a very recent poll taken in the last week or so, and weight shows is that the disapproval number has ticked up above 50% now, and continued to go...
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Nov 2, 2013
11/13
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to have to kafr for people on medicaid, they have to raise taxes, raise income tax or cut spending for roads, schools and things like that. there are a lot of people who still need insurance so let's expand it to help people get on. but real costs come with it. it's taxpayers. 26 states signed up for this. federal money is paying for them. you're still paying. >> if you think you're, you're not. you're a federal taxpayers. if they have a swelling of the medicaid rolls and don't pay from the exchanges guess who pays. here's a hint. ready? we have been digging into the rule causing millions of americans to lose health insurance. democratic senator mary landrieu is leading an effort to make sure the president's promise will be kept that people can keep their health care insurance if they like it. wait until we show you what she said about this specific issue just a couple of years ago. plus, he was a successful businessman with hundreds of employees but now not a one. he'll join us live with his warning for working americans in the wake of obama care. >>> breaking details tonight on a dea
to have to kafr for people on medicaid, they have to raise taxes, raise income tax or cut spending for roads, schools and things like that. there are a lot of people who still need insurance so let's expand it to help people get on. but real costs come with it. it's taxpayers. 26 states signed up for this. federal money is paying for them. you're still paying. >> if you think you're, you're not. you're a federal taxpayers. if they have a swelling of the medicaid rolls and don't pay from...
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Oct 30, 2013
10/13
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we know it would have happened and their tax rate went up. if you think that there is a savior in copper, it is not. this is 95% gold. >> it's actually get up 50%. after the close, karen. >> this has been a really good one. i have to say the easy money has been made here already. that's mostly down and now they will turn more to earnings and that is a pe multiple. it's not that cheap. we're coming into a new phase. >> coming up next, we're talking about the just released earnings and shocking gains. and tomorrow, let's take a look at october's s&p leaders. at a ford dealer with a little q and a for fiona. tell me fiona, who's having a big tire event? your ford dealer. who has 11 major brands to choose from? your ford dealer. who's offering a rebate? your ford dealer. who has the low price tire guarantee, affording peace of mind to anyone who might be in the market for a new set of tires? your ford dealer. i'm beginning to sense a pattern. get up to $140 in mail-in rebates when you buy four select tires with the ford service credit card. where
we know it would have happened and their tax rate went up. if you think that there is a savior in copper, it is not. this is 95% gold. >> it's actually get up 50%. after the close, karen. >> this has been a really good one. i have to say the easy money has been made here already. that's mostly down and now they will turn more to earnings and that is a pe multiple. it's not that cheap. we're coming into a new phase. >> coming up next, we're talking about the just released...
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Nov 2, 2013
11/13
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delta's operating margins what they make on each dollar of sales before interest and taxes is 13.4%. that's better than any other airline, save the always, always well-run alaska air. plus the company gave bullish guidance for next quarter which was a real lovefest. delta's premium seats has more first class than anyone in the business. in the pennsylvania -- in the past, listen to this. most seats were given away as free upgrades to coach passengers. last year only 14% of delta's domestic front cabin seats were occupied by paying customers? can you imagine all those people you pass by you thought were rich? no, man, they upgraded. free. this year the company has more than doubled that to 30%. delta's initiatives going they believe will let them take that up to 50% in the near future. they're selling a lot more expensive first-class and business class tickets where you get nothing anyway. the company has been taking out costs left and right. 11 months ago delta laid out blueprint for $1 billion of annual cost savings and on the conference call we learned management is delivering on t
delta's operating margins what they make on each dollar of sales before interest and taxes is 13.4%. that's better than any other airline, save the always, always well-run alaska air. plus the company gave bullish guidance for next quarter which was a real lovefest. delta's premium seats has more first class than anyone in the business. in the pennsylvania -- in the past, listen to this. most seats were given away as free upgrades to coach passengers. last year only 14% of delta's domestic...
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Oct 31, 2013
10/13
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we seen that pop, bringing forth a lot of profit forward and pushing off a lot of tax annual issues later. >> all right. let get some halloween trades. because it is halloween. it's bk's favorite holiday in the whole entire world. let's trade stocks they have been the trickiest and most rewarding for october. trick or treat trades. tesla and amazon coming in at the top of our picks. let's go to mike coe on amazon. mike. >> this is interesting. this one has tricked me continued to trick me for quite some time since $265 it's $100 higher than that. this is one of those stories where sometimes you think about what the fundamental also are, a lot of people are chasing fundamentals different than i am looking at. price to earnings free investors chase exclusively the growth story despite the company's tremendous size and jeff besos has a license to do that. of course, he is exercising that right. i think we are continuing to see that. this is a stock on a fundamental basis. >> let's get to tesla here. tesla started out as a treat. it has become a trick in the month of october. it's down 19% fr
we seen that pop, bringing forth a lot of profit forward and pushing off a lot of tax annual issues later. >> all right. let get some halloween trades. because it is halloween. it's bk's favorite holiday in the whole entire world. let's trade stocks they have been the trickiest and most rewarding for october. trick or treat trades. tesla and amazon coming in at the top of our picks. let's go to mike coe on amazon. mike. >> this is interesting. this one has tricked me continued to...
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Oct 29, 2013
10/13
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we didn't come here to raise taxes. >> two huge tax increase thes. we're interesting in reforming the tax code. not as a measure of raising tax revenues. we think you can get more revenue through more economic growth. that's the kind of thing we're in favor of. we also want to get auto the drivers of our debt. so they want up front stimulus, which is not what we're going to do. because it didn't work the last time. we believe in pro growth economics, point one, point two, the reason i like the budget control act is it did put spending caps. >> right. >> now the sequester is going to lower spending caps. the question is, is in the interim, in this moment we are in, can we get even smarter an better deficit reduction that actually helps us get the debt under control to hem us grow this economy? >> would you take a deal? a revenue deal to get some, some changes in the sequester? >> no. raise taxes -- we have been really clear about this. we're not in this business to raise taxes. we are not here to raise taxes. >> so the only condition. >> we'll take th
we didn't come here to raise taxes. >> two huge tax increase thes. we're interesting in reforming the tax code. not as a measure of raising tax revenues. we think you can get more revenue through more economic growth. that's the kind of thing we're in favor of. we also want to get auto the drivers of our debt. so they want up front stimulus, which is not what we're going to do. because it didn't work the last time. we believe in pro growth economics, point one, point two, the reason i...
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Oct 29, 2013
10/13
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. >> or taxed. >> or taxed. [stopwatch ticking] >> as we'll discover, those offshore gambling companies even advertise here in the u.s., and it's all perfectly legal, when 60 minutes on cnbc returns. ♪ [ male announcer ] when we built the cadillac ats from the ground up to be the world's best sport sedan... ♪ ...people noticed. ♪ the cadillac ats -- 2013 north american car of the year. lease this cadillac ats for around $299 per month with premium care maintenance included. ♪ there'll be the usual presentations on research. and development. some new members of the team will be introduced. the chairman emeritus will distribute his usual wisdom. and you? well, you're the chief life officer. you just need the right professional to help you take charge. ♪ in a we believe outshining the competition tomorrow requires challenging your business inside and out today. at cognizant, we help forward-looking companies run better and run different - to give your customers every reason to keep looking fo
. >> or taxed. >> or taxed. [stopwatch ticking] >> as we'll discover, those offshore gambling companies even advertise here in the u.s., and it's all perfectly legal, when 60 minutes on cnbc returns. ♪ [ male announcer ] when we built the cadillac ats from the ground up to be the world's best sport sedan... ♪ ...people noticed. ♪ the cadillac ats -- 2013 north american car of the year. lease this cadillac ats for around $299 per month with premium care maintenance...
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Oct 30, 2013
10/13
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explained by law, you have to be offered another policy and 50% of those people are going to get a tax credit to help them purchase a better insurance policy at a lower overall cost. so again, i think the secretary explained that well as you indicated, there were some people who wouldn't accept the answers even though they were accurate answers. >> this was a opportunity for people at home who were still uncertain about the website to hear from the person leading the way, but is there anything in the hours long hearing today that would make the process better? the website, getting people in all states to sign up for affordable health care. >> as you know, there's some states that are moving ahead on their own and then there are the other states part of the federal system. and some of the states are way ahead of the game, the state of kentucky has been a great example. thousands of people signing up. the administration was brought in the new point person, the one who created that punch list and said they were going to work through the punch list so they can have the system up and runnin
explained by law, you have to be offered another policy and 50% of those people are going to get a tax credit to help them purchase a better insurance policy at a lower overall cost. so again, i think the secretary explained that well as you indicated, there were some people who wouldn't accept the answers even though they were accurate answers. >> this was a opportunity for people at home who were still uncertain about the website to hear from the person leading the way, but is there...
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Nov 2, 2013
11/13
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on a bumper sticker, it's probably missing some important context, nuance, in facts, you know, war taxes, health care, these are complex policies. they can't be boiled down to a slick slogan. nuance is necessary. now there's a bumper sticker i can get behind. that's it for "your money." we're here every saturday. have a great weekend, everybody. >>> hello, everyone, i'm fredericka whitfield. here are the top stories we're following in the "cnn newsroom." one tsa agent dead, two others hurt in a shooting at l.a.x. now new information about the suspected gunman and a potential motive for the rampage. >>> a controversial nypd program remains in place. officers can stop and frisk anyone they think looks suspicious. but does the program unfairly target african-americans? >>> and chris brown is in rehab, but not for drugs or alcohol. the singer is getting treatment for anger issues. are celebs using rehab to avoid bigger legal problems? all that coming up. >>> a major investigation is under way at the los angeles international airport. a day after a gunman burst in and killed a tsa officer. he
on a bumper sticker, it's probably missing some important context, nuance, in facts, you know, war taxes, health care, these are complex policies. they can't be boiled down to a slick slogan. nuance is necessary. now there's a bumper sticker i can get behind. that's it for "your money." we're here every saturday. have a great weekend, everybody. >>> hello, everyone, i'm fredericka whitfield. here are the top stories we're following in the "cnn newsroom." one tsa...
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Oct 31, 2013
10/13
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FBC
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nothing helps explain tax lot better than star track and gilligan's island. now the department of veterans affairs is embroiled in its own scandal. more than $6 billion on two conferences in orlando and 2011. and, of course, they had to produce a video featuring veterans affairs employees dancing. while the irs prefers that shuffle, folks at the viejo like sister sledge. lawmakers are not happy. >> veterans affairs is a large agency with deep pockets. yes, it is a large agency with deep pockets, but those buckets were not intended to be picked by either contractors that were likely unnecessary or, in fact, people who we held accountable and paid to be accountable to the taxpayers. lou: and that the a production budget, well, $50,000 to make this. that at a time when they had a backlog of more than 700,000 disability claims, more than 125 days overdue. another obamacare contractor under fire for its questionable track record, the british firm charged with processing paper applications faces allegations of fraud, racial spending, even sexual assault. joining us
nothing helps explain tax lot better than star track and gilligan's island. now the department of veterans affairs is embroiled in its own scandal. more than $6 billion on two conferences in orlando and 2011. and, of course, they had to produce a video featuring veterans affairs employees dancing. while the irs prefers that shuffle, folks at the viejo like sister sledge. lawmakers are not happy. >> veterans affairs is a large agency with deep pockets. yes, it is a large agency with deep...
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Nov 3, 2013
11/13
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CNNW
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eye 136
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those are people that will create jobs and pay taxes down the road. you can't hold the waves from coming in. you have to keep making society open and you have to keep providing opportunities. if you start to focus on equal results rather than equal opportunity, unfortunately you start to dumb everything down and if you do that, you're going to get hopelessly left behind. >> up next, one year after hurricane sandy. more from mayor bloomberg and others on what cities can do to deal with the effects of climate change. >>> one of the big trends of the last few decades has been the growth of cities. more and more people around the world are moving to urban centers. and with that, cities have grown in power and importance. but what can a city do to combat something even bigger? climate change. i had a great set of panelists recently at the clinton global initiative. michael bloomberg, the mayor of new york city, judith roden and jim kim, president of the world bank. sketch for us the broader issue of resilience. you are doing work at the world bank trying t
those are people that will create jobs and pay taxes down the road. you can't hold the waves from coming in. you have to keep making society open and you have to keep providing opportunities. if you start to focus on equal results rather than equal opportunity, unfortunately you start to dumb everything down and if you do that, you're going to get hopelessly left behind. >> up next, one year after hurricane sandy. more from mayor bloomberg and others on what cities can do to deal with the...
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Oct 29, 2013
10/13
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CNBC
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eye 134
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. >> or taxed. >> or taxed. [stopwatch ticking] >> as we'll discover, those offshore gambling companies even advertise here in the u.s., and it's all perfectly legal, when 60 minutes on cnbc returns. [ horn honks ] [ male announcer ] once in a while, everything falls into perfect harmony. [ engine revs ] and you find yourself in exactly the right place at the right time. just be sure you're in the right car when it happens. the 2014 c-class sports sedan. power, performance and style in total alignment. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services. your grass waters itself. your dishes wash themselves. so why don't your floors... ...clean themselves? the irobot roomba vacuum cleaning robot. irobot. do you? (vo) our new planes don't fly any faster. but it sure feels that way. because with power ports... and wi-fi... and in-seat entertainment, for everyone on board, now when you fly, time flies too. (flight attendant) sir, we're about to land.
. >> or taxed. >> or taxed. [stopwatch ticking] >> as we'll discover, those offshore gambling companies even advertise here in the u.s., and it's all perfectly legal, when 60 minutes on cnbc returns. [ horn honks ] [ male announcer ] once in a while, everything falls into perfect harmony. [ engine revs ] and you find yourself in exactly the right place at the right time. just be sure you're in the right car when it happens. the 2014 c-class sports sedan. power, performance and...
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Oct 28, 2013
10/13
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CNBC
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eye 115
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we need to have simplified taxes and rule making. to trust people once they're empowered to make decisions for themselves far better than having government do it. it's not too late. too many conservatives i think have given up. they basically are just reacting to the overreach and don't believe we can restore american grate greatness bit tried and true means. >> can you sell immigration reform to the gop? tough job. it's a tough job. >> there are a lot of people i talk to that quietly say i understand what you're saying, we need an economic driven immigration plan, i don't want to be primary. at the end of the day people are going to have to put on their big boy pants here and do what's right for the country. we could grow faster if we limited familyification and we placed it with a rebust programs. it's within our grasp and to me it's a completely conservative idea that we do this. it will lessen demands on government, not increase them. without it we're going to be an older workforce, less productive and the new normal will be 1% g
we need to have simplified taxes and rule making. to trust people once they're empowered to make decisions for themselves far better than having government do it. it's not too late. too many conservatives i think have given up. they basically are just reacting to the overreach and don't believe we can restore american grate greatness bit tried and true means. >> can you sell immigration reform to the gop? tough job. it's a tough job. >> there are a lot of people i talk to that...
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564
Oct 31, 2013
10/13
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eye 564
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the third quarter of 2013 after tax operating income attributable to aig of 1.4 billion after tax operating income per share, 96 cents a share. stock down. ceo bob ben mosche will be with me. what does dan niles know about facebook the rest of wall street doesn't? >>> plus, haunted towns? big winner of our day, long quest to find the best home in the spookiest town. queen of real estate will be with me. you're watching the "closing bell," on cnbc, first in business worldwide. (announcer) at scottrade, our clients trade and invest exactly how they want. with scottrade's online banking, i get one view of my bank and brokerage accounts with one login... to easily move my money when i need to. plus, when i call my local scottrade office, i can talk to someone who knows how i trade. because i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) scottrade-proud to be ranked "best overall client experience." >>> welcome back. a month for stocks. the dow and s&p 500 both hitting all time highs in the month of october. nasdaq pushing toward 4,000. look at these charts. want t
the third quarter of 2013 after tax operating income attributable to aig of 1.4 billion after tax operating income per share, 96 cents a share. stock down. ceo bob ben mosche will be with me. what does dan niles know about facebook the rest of wall street doesn't? >>> plus, haunted towns? big winner of our day, long quest to find the best home in the spookiest town. queen of real estate will be with me. you're watching the "closing bell," on cnbc, first in business worldwide....
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Nov 3, 2013
11/13
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CNNW
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those are people that will create jobs and pay taxes down the road. you can't hold the waves from coming in. you have to keep making society open and you have to keep providing opportunities. if you start to focus on equal results rather than equal opportunity, unfortunately you start to dumb everything down and if you do that, you're going to get hopelessly left behind. >>> up next, one near after hurricane sandy. more from mayor bloomberg and others on what cities can do to deal with the effects of climate change. are you flo? yes. is this the thing you gave my husband? well, yeah, yes. the "name your price" tool. you tell us the price you want to pay, and we give you a range of options to choose from. careful, though -- that kind of power can go to your head. that explains a lot. yo, buddy! i got this. gimme one, gimme one, gimme one! the power of the "name your price" tool. only from progressive. 1111 >>> one of the big trends of the last few decades has been the growth of cities. more and more people around the world are moving to urban centers.
those are people that will create jobs and pay taxes down the road. you can't hold the waves from coming in. you have to keep making society open and you have to keep providing opportunities. if you start to focus on equal results rather than equal opportunity, unfortunately you start to dumb everything down and if you do that, you're going to get hopelessly left behind. >>> up next, one near after hurricane sandy. more from mayor bloomberg and others on what cities can do to deal with...
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bill deblasio in a position to raise taxes. he told you what he's going to do. he's going to take taxes up. if he wins, does that put a crimp in anything? do rates go higher? >> in terms of the mayor's race we'll see in the next couple of weeks. whoever it is, will try to continue the positive job growth, the diversification of our economy, technology -- focused on technology. a lot of the companies moving downtown, midtown south are getting priced out. i think whoever that mayor is, whether it's lodo or de blasio, he'll continue to make jobs, continuous to be the capital of the world in terms of trying to attract and retain the best and brightest and continue to drive crime down and public safety and a liveable city. go to brooklyn. you see the tremendous amount of people living and working in brooklyn today, queens, all over the city great growth. >> brooklyn is hot. what industries are spending the most money in terms of real estate right now? you said technology. >> definitely technology. but it's also -- there's a company called we work. it's just taken ove
bill deblasio in a position to raise taxes. he told you what he's going to do. he's going to take taxes up. if he wins, does that put a crimp in anything? do rates go higher? >> in terms of the mayor's race we'll see in the next couple of weeks. whoever it is, will try to continue the positive job growth, the diversification of our economy, technology -- focused on technology. a lot of the companies moving downtown, midtown south are getting priced out. i think whoever that mayor is,...
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their tax subsidies available. let me play for you what jay carney said this morning to your point about young people and whether they'll sign up. >> there's a silver lining here when it comes to young people an young people are important to this working. it was always the case, no matter how good the website was going to be, that young americans were going to be the last group to sign up. i don't know about you in college or everything i did when i was young as last minute. >> well, i'm with jay carney on that one to the extent that i was a procrastinator and never wrote my paper until the last paper. does he have a point, though, we don't know right now that the accusations you're making are speculative? >> here's what we know, chris. and i think we can find common ground here. we know that we were promised that this website would be working great and it's not and it is a total mess. >> and the white house would concede that. >> we know that the president promised -- okay, fine. they keep saying and they keep say
their tax subsidies available. let me play for you what jay carney said this morning to your point about young people and whether they'll sign up. >> there's a silver lining here when it comes to young people an young people are important to this working. it was always the case, no matter how good the website was going to be, that young americans were going to be the last group to sign up. i don't know about you in college or everything i did when i was young as last minute. >>...
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treasury credits higher tax receipts for about 80% of the defic deficit's reduction as tax revenues jump nearly $3 trillion. >>> watch out, opec. texas is in the midst of an oil boom. the eia reports that production in texas is up 29% from last year. if this trend continues, texas crude oil production could surpass all opec members except saudi arabia as early as next year larry? >> you know, thanks. i just add to that, yes, the deficit's come down nicely, but i think these so-called experts aught to see what the budget caps and sequesters have done. spending, discretionary spending, has moved down all the way back to close to 2007, early 2008 levels. and that is some achievement. anyway, thanks very much. >>> now, back to our top story this evening. we have numerous developing stories of new problems and questions about obama care. but first, keeping your insurance plan isn't the only broken promise from president obama on health care. remember all the times he promised obama care wouldn't add a dime to the deficit? check this out. >> i won't sign it if that reform adds even one dime to
treasury credits higher tax receipts for about 80% of the defic deficit's reduction as tax revenues jump nearly $3 trillion. >>> watch out, opec. texas is in the midst of an oil boom. the eia reports that production in texas is up 29% from last year. if this trend continues, texas crude oil production could surpass all opec members except saudi arabia as early as next year larry? >> you know, thanks. i just add to that, yes, the deficit's come down nicely, but i think these...
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many folks don't want tax dollars going to this kind of thing. they say, it's their human right. as maxine said in that piece, people are paying for it. in the end, not the beginning. >> a healthy hose party? >> a healthy hose party. >> it's part of the population who couldn't get health care. >> high risk, as well. >> all right. your stories are always quite interesting. >> thank you, don. >> thank you. we appreciate that. let's get to the top of the hour and the top story now. >>> hello, everyone. i'm don lemon, you are in the cnn news room. it is 6:00 straight up here in the east. we are going to begin in los angeles. you need to watch this story. the widow of the tsa officer killed in the brutal attack at l.a.x. speaking out. listen. >> hello, everybody. thank you for coming out. i know you have been waiting for a statement from the family. thank you for respecting the fact we are hurting. my husband passed away. here is a statement. he was born and moved to the united states at the age of 15. he
many folks don't want tax dollars going to this kind of thing. they say, it's their human right. as maxine said in that piece, people are paying for it. in the end, not the beginning. >> a healthy hose party? >> a healthy hose party. >> it's part of the population who couldn't get health care. >> high risk, as well. >> all right. your stories are always quite interesting. >> thank you, don. >> thank you. we appreciate that. let's get to the top of the...
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operation, has received almost 700,000 applications, with more than 330,000 users filing requests for tax credits. the announcement even noted the data services hub as a model of efficiency and security. and so, just as you would expect, the data services hub crashed the next day. only to come back early this morning. joining us now, here in new york, is ezra klein of the "washington post" and brad woodhouse, president of americans united for change. ezra, you've co written a very helpful piece where you attempt to calm down the kind of histrionics and hysteria around this website by pointing to an historical precedent where a difficult rollout was followed by deep and widespread appreciation for policy changes. pray tell. >> when you want to feel better you think about the prescription drug benefit. utter disaster. the website doesn't go live for three weeks after it was supposed to begin. the initial excuse the bush administration offers is it's yoem kip pure. >> nice. i have not heard that. >> and it did not go after. the early months are very bad. in february of 2005, john boehner, no
operation, has received almost 700,000 applications, with more than 330,000 users filing requests for tax credits. the announcement even noted the data services hub as a model of efficiency and security. and so, just as you would expect, the data services hub crashed the next day. only to come back early this morning. joining us now, here in new york, is ezra klein of the "washington post" and brad woodhouse, president of americans united for change. ezra, you've co written a very...
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. >> we all pay a tax every time we fly on a plane but it goes to congress and they divvy that money across the country so it goes to airports that don't have necessarily nearly as many travelers. >> i like newark. they got all kinds of shopping. >> the lines are horrendous. >> all right. move on, mcdonald's is apparently ending a partial 40-year partnership with heinz after heinz hired burger king's former ceo. we thought as taste test was in order. we have three different -- what did you say? two minutes to eat all these french fries. we're going to see which -- >> trying which we like. >> i maintained i could tell heinz because heinz is my ketchup of choice. >> really? >> i did. let's go. everybody taste. >> which way. >> i think we've got heinz, hunts and america's choice. >> little spicy. >> tangy. >> some undertones of vanilla, little bit of leather under there. >> leather. >> i like how thick this one is. >> i don't know which one is heinz. we're going to find out. >> good balance. sweeter though. >> right. >> more tangy. >> like ice cream. that's ice cream there. >> denser. >
. >> we all pay a tax every time we fly on a plane but it goes to congress and they divvy that money across the country so it goes to airports that don't have necessarily nearly as many travelers. >> i like newark. they got all kinds of shopping. >> the lines are horrendous. >> all right. move on, mcdonald's is apparently ending a partial 40-year partnership with heinz after heinz hired burger king's former ceo. we thought as taste test was in order. we have three...
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and how we can prevent more tax like this from happen. with scottrade's smart text, i can quickly understand my charts, and spend more time trading. their quick trade bar lets my account follow me online so i can react in real-time. plus, my local scottrade office is there to help. because they know i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) ranked highest in investor satisfaction with self-directed services by j.d. power and associates. at a ford dealer with a little q and a for fiona. tell me fiona, who's having a big tire event? your ford dealer. who has 11 major brands to choose from? your ford dealer. who's offering a rebate? your ford dealer. who has the low price tire guarantee, affording peace of mind to anyone who might be in the market for a new set of tires? your ford dealer. i'm beginning to sense a pattern. get up to $140 in mail-in rebates when you buy four select tires with the ford service credit card. where'd you get that sweater vest? your ford dealer. maestro of project management. ba
and how we can prevent more tax like this from happen. with scottrade's smart text, i can quickly understand my charts, and spend more time trading. their quick trade bar lets my account follow me online so i can react in real-time. plus, my local scottrade office is there to help. because they know i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) ranked highest in investor satisfaction with self-directed services by j.d. power and associates. at a ford dealer with...
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you have taxes and fees that you've got to pass on to the consumer. you've got no choice. so, they're going to be eating and swallowing higher expenses there. let me ask you about the jobs part of this story, because this is something that's under debate right now. because the law requires companies to offer health insurance to anybody working 30 hours or more, are you seeing increasing numbers in terms of companies saying, okay, then work 29.5 hours, go to part time, work fewer than 30 hours a week? >> i'm not sure whether or not the affordable care act and the 30-hour work week is driving it, but i can tell you that what we're seeing in our large accounts is higher in-group attrition, decreases in employment in our large groups, not nearly as high as 2009, but definitely higher than the last two, three years. and we're also seeing higher part-time employment and interest in part-time benefits. as you know, better than i do, the labor market statistics show much higher growth in part-time employment this year overall growth, the inverse -- >> which means higher premiums b
you have taxes and fees that you've got to pass on to the consumer. you've got no choice. so, they're going to be eating and swallowing higher expenses there. let me ask you about the jobs part of this story, because this is something that's under debate right now. because the law requires companies to offer health insurance to anybody working 30 hours or more, are you seeing increasing numbers in terms of companies saying, okay, then work 29.5 hours, go to part time, work fewer than 30 hours a...
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she has a letter circulating that basically they will postpone the tax penalties. you also have senator ron johnson. he wants -- if you want the keep your own plan, you can. he is saying i will grandfather everything. he's got 40 cosponsors, senator mary landrieu may or may not sign on to him. now, do you think that president obama and harry reid will allow any of these democratic bills to even be voted on? do you think so? >> i don't think it's up to the president. i think it's solely up to harry reid in this case. >> oh, come on. oh, come on. >> yes. yes, harry will have a vote on this. and the reason why is there is two members of the united states senate that you just mentioned that are up for reelection that are in states. >> and max baucus. >> harry reid has to give his caucus distance from the president. >> that's right. >> the president is too damaging. and so yes, harry reid would bring to it a vote even if the president doesn't want it to come to vote. >> remember, the president is not running for reelection. these guys and gals in the senate are. their n
she has a letter circulating that basically they will postpone the tax penalties. you also have senator ron johnson. he wants -- if you want the keep your own plan, you can. he is saying i will grandfather everything. he's got 40 cosponsors, senator mary landrieu may or may not sign on to him. now, do you think that president obama and harry reid will allow any of these democratic bills to even be voted on? do you think so? >> i don't think it's up to the president. i think it's solely up...
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so the tax man is getting his cut of this improving economy and also as a result of those tax increases. that has led to this lowering of the u.s. deficit. that's something the obama administration says is a good thing. they feel like, you know, it's not getting enough attention here in all of this hullabaloo here in washington. >> a quick follow-up question if i might that kayla tausche raised. and that is all of the money that the federal government has collected in settlements, fines and so forth with, for example, financial services company -- companies in the hundreds of billions of dollars over the past four or five -- does that count here? >> it does. it goes to the treasury, but remember, a lot of those settlements are settlements to particular funds. so a lot of that is going to a mortgage fund, for example, which is going to help homeowners and other things. so some of it won't show up on the treasury's book. but you know, when you're dealing in trillions, a couple of billion is not necessarily enough to move the needle necessarily. >> all right. eamon javers, thanks very much
so the tax man is getting his cut of this improving economy and also as a result of those tax increases. that has led to this lowering of the u.s. deficit. that's something the obama administration says is a good thing. they feel like, you know, it's not getting enough attention here in all of this hullabaloo here in washington. >> a quick follow-up question if i might that kayla tausche raised. and that is all of the money that the federal government has collected in settlements, fines...
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people are signing found for insurance, getting tax credit subsidies funded by taxpayers. irs already telling us they're confused about how to do this you're not telling us whether or not you're proactively determining whether say under
people are signing found for insurance, getting tax credit subsidies funded by taxpayers. irs already telling us they're confused about how to do this you're not telling us whether or not you're proactively determining whether say under
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for them, brass tax are going to be where it's at. we've got to fix the technology, got to fix the processes. then they can start to turn around the political perception of all that. >> thanks very much. there has been some backlash at the white house from americans who are being forced out of their inexpensive plans with limited coverage, even though the president assured the country that people could actually keep their plans if they liked them. now, yesterday president obama had this explanation. >> there are a number of americans, fewer than 5% of americans, who've got cut rate plans that don't offer real financial protection in the event of a serious illness or an accident. remember, before the affordable care act, these bad apple insurers had free reign. every single year to limit the care you received or use minor pre-existing conditions to jack up your premiums. or bill you into bankruptcy. this wasn't just bad for those folks who had these policies, it was bad for all of us. >> bad apple. that's the operative term there. were
for them, brass tax are going to be where it's at. we've got to fix the technology, got to fix the processes. then they can start to turn around the political perception of all that. >> thanks very much. there has been some backlash at the white house from americans who are being forced out of their inexpensive plans with limited coverage, even though the president assured the country that people could actually keep their plans if they liked them. now, yesterday president obama had this...
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individual tax system, corporate tax system. we need real serious health care reform to deal with some of the fiscal problems that are coming down the road. we need -- we need a new immigration system. so that there's a good number of things we need to do. and the only way you get those done is with a compromise. democrats and republicans have to come together and compromise, but the leadership for that always needs to come from the president. because the only way you get big difficult, complex things done is from the executive branch and with congress being willing to compromise. >> was dodd/frank the right legislation? how come only 40% has been implemented? >> well, there's a lot of good with dodd/frank. we got the things we needed out of dodd/frank. why is only 40% been implemented? well, it's a big, complicated bill, but we have too many regulators. we have five -- >> everybody wants to weigh in. >> we have five regulators all fighting with themselves on how to write the rules. that's one of the reasons. the other reason is
individual tax system, corporate tax system. we need real serious health care reform to deal with some of the fiscal problems that are coming down the road. we need -- we need a new immigration system. so that there's a good number of things we need to do. and the only way you get those done is with a compromise. democrats and republicans have to come together and compromise, but the leadership for that always needs to come from the president. because the only way you get big difficult, complex...
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a city's new assault on sugary drinks that it wants to tax by the ounce. with unitedhealthcare, i get information on quality rated doctors, treatment options and cost estimates, so we can make better health decisions. that's health in numbers. unitedhealthcare. they always have. they always will. that's why you take charge of your future. your retirement. ♪ ameriprise advisors can help you like they've helped millions of others. listening, planning, working one on one. to help you retire your way... with confidence. that's what ameriprise financial does. that's what they can do with you. ameriprise financial. more within reach. you may be muddling through allergies. try zyrtec-d®. powerful relief of nasal congestion and other allergy symptoms -- all in one pill. zyrtec-d®. at the pharmacy counter. and other allergy symptoms -- all in one pill. ido more with less with buless energy. hp is helping ups do just that. soon, the world's most intelligent servers, designed by hp, will give ups over twice the performance, using forty percent less energy. multip
a city's new assault on sugary drinks that it wants to tax by the ounce. with unitedhealthcare, i get information on quality rated doctors, treatment options and cost estimates, so we can make better health decisions. that's health in numbers. unitedhealthcare. they always have. they always will. that's why you take charge of your future. your retirement. ♪ ameriprise advisors can help you like they've helped millions of others. listening, planning, working one on one. to help you retire your...
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city to try to conserve the tax on those beverages. they've asked voters to impose in 2014 to impose a 2 cents an ounce tax on soda and other drinks with added sugar. to this point, we haven't seen many of these through and it's already sailed in two california cities. >> i can't believe el monte was so -- it's kind of a working class neighborhood. they have a lot of factories. san francisco, i understand. >> right. >> you can drink as much as you want to. >> compared to banning it, i guess it's incrementally, it's not quite as bad. >> and it's being put to a vote. >> and the do gooders love the idea. you get to cents and you get $30 million. with that, you pay for -- some government agency is going to doll out the 30 million for pe programs that are probably 90 cents falls through the cracks on the way they spend it. using tax policy to try and change behavior typically there's people that like it and -- >> this behavior is changing, anyway. you see how water is overtaking cabbon ated beverages, anyway. >> becky, i checked my fridge l
city to try to conserve the tax on those beverages. they've asked voters to impose in 2014 to impose a 2 cents an ounce tax on soda and other drinks with added sugar. to this point, we haven't seen many of these through and it's already sailed in two california cities. >> i can't believe el monte was so -- it's kind of a working class neighborhood. they have a lot of factories. san francisco, i understand. >> right. >> you can drink as much as you want to. >> compared to...
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tax hikes. i'm going to talk to one of the top senators that were in on the negotiations that began today. it's "the kudlow report." please stay with us. ♪ nice car. sure is. make a deal with me, kid, and you can have the car and everything that goes along with it. ♪ ♪ so, what do you say? thanks... but i think i got this. ♪ [ male announcer ] the all-new cla. set your soul free. [ male announcer ] the all-new cla. maestro of project management. baron of the build-out. you need a permit... to be this awesome. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. (aaron) purrrfect. (vo) meee-ow, business pro. meee-ow. go national. go like a pro. >>> welcome back to "the kudlow report." the now house senate budget conference held their first meetings today. they were challenged with crafting a budget deal by december 14th, but if today's meeting was any indication it may
tax hikes. i'm going to talk to one of the top senators that were in on the negotiations that began today. it's "the kudlow report." please stay with us. ♪ nice car. sure is. make a deal with me, kid, and you can have the car and everything that goes along with it. ♪ ♪ so, what do you say? thanks... but i think i got this. ♪ [ male announcer ] the all-new cla. set your soul free. [ male announcer ] the all-new cla. maestro of project management. baron of the build-out. you...
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>> sure. >> i would like to do corporate tax reform. the question there is whether you can really do corporate tax reform in this relatively short period of time. you may be able to, at least, set up the parameters for the conversation. and that would be progress if people could agree on a framework for corporate tax reform. >> anything going on, chris? have you talked to -- it's not going to -- i really don't think there's any appetite for it on the right at this point to -- i think they want to get something done with you guys. this is an opportunity. >> i think it is an opportunity. and as to whether anything's happened, there have been some conversations. the first formal meeting of the conference committee will be tomorrow. my guess ask that will be primarily people offering their own perspectives on the budget and the way forward. and it will be after that that people really sit down and begin the negotiations. look, i do hope that we can find a way to at least take some, you know, small/medium steps forward to at least instill a
>> sure. >> i would like to do corporate tax reform. the question there is whether you can really do corporate tax reform in this relatively short period of time. you may be able to, at least, set up the parameters for the conversation. and that would be progress if people could agree on a framework for corporate tax reform. >> anything going on, chris? have you talked to -- it's not going to -- i really don't think there's any appetite for it on the right at this point to --...
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it's cheaper for a group to travel by bus than to take 15 smaller taxes. the same with cruising. the reason they build these gigantic ships is they're far more profitable. >> we saw two cruise ships that got a lot of attention for their onboard fires. do we have regulations now to avoid the fires? >> sure. what's interesting about the "triumph" is today everyone's got a samsung phone or whatever to take pictures to post all over social media. it's helped to illuminate conditions. since 120u all new cruise ships are required to have redundant power systems so if one gets knocked out, you can still safely limp back to port. >> i'm look. dwlou evacuate a ship of that side. how do you get people off? >> it's crazy. you think about compared to a two-story building, a skyscraper takes longer to evacuate right? but we still build skyscrapers. 18,000 passengers is much harder than a thousand. and so have you seen the evacuation chutes? >> not on the ship no. >> it's designed only for the crew. it's a giant orange esophagus. it's five stories off the water. you're supposed to slide down t
it's cheaper for a group to travel by bus than to take 15 smaller taxes. the same with cruising. the reason they build these gigantic ships is they're far more profitable. >> we saw two cruise ships that got a lot of attention for their onboard fires. do we have regulations now to avoid the fires? >> sure. what's interesting about the "triumph" is today everyone's got a samsung phone or whatever to take pictures to post all over social media. it's helped to illuminate...
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>> well, it's a tax on innovation. it makes no sense. it was a penalty, really, for the medical technology industry not coming to the party as the insurance companies and big pharma did. >> you mean not having better lobbyists. >> well, that could be it too. and so i'd like to see it go away. i don't know, but i think the number one issue, now, becky, is getting this system fixed and i think we've got to have a whole change at how we approach. we've got to get pragmatic. the republicans have been saying eliminate. you're not going to eliminate, that's the law of the land, let's get it done. like any group of executives, get it done, get it fixed and put them in charge. and the president's got to stop playing politics or else it'll drag down the administration for years to come. >> jim parsons is one of our guest hostst today. >> in your view, is there some sort of drop dead date where we go beyond where there just is not enough signed up that the insurance companies start to back out and this thing goes into -- is there a date around whi
>> well, it's a tax on innovation. it makes no sense. it was a penalty, really, for the medical technology industry not coming to the party as the insurance companies and big pharma did. >> you mean not having better lobbyists. >> well, that could be it too. and so i'd like to see it go away. i don't know, but i think the number one issue, now, becky, is getting this system fixed and i think we've got to have a whole change at how we approach. we've got to get pragmatic. the...
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it's cheaper for a group to travel by bus than to take 15 smaller taxes. the same with cruising. the reason they build these gigantic ships is they're far more profitable. >> we saw two cruise ships that got a lot of attention for their onboard fires. do we have regulations now to avoid the fires? >> sure. what's interesting about the "triumph" is today everyone's got a samsung phone or whatever to take pictures to post all over social media. it's helped to illuminate conditions. since 120u all new cruise ships are required to have redundant power systems so if one gets knocked out, you can still safely limp back to port. >> i'm look. dwlou evacuate a ship of that side. how do you get people off? >> it's crazy. you think about compared to a two-story building, a skyscraper takes longer to evacuate right? but we still build skyscrapers. 18,000 passengers is much harder than a thousand. and so have you seen the evacuation chutes? >> not on the ship no. >> it's designed only for the crew. it's a giant orange esophagus. it's five stories off the water. you're supposed to slide down t
it's cheaper for a group to travel by bus than to take 15 smaller taxes. the same with cruising. the reason they build these gigantic ships is they're far more profitable. >> we saw two cruise ships that got a lot of attention for their onboard fires. do we have regulations now to avoid the fires? >> sure. what's interesting about the "triumph" is today everyone's got a samsung phone or whatever to take pictures to post all over social media. it's helped to illuminate...
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the taxes. only chile, norway and the united states are the only ones that haven't. don't you think we would get more jobs? isn't that the one thing? the president has been amenable to it. that's the one thing we could do in the next three months. lower the corporate tax. >> yes, make a deal with the company. the president may think, harks they brought the money back and all they did was raise the dividend. >> but lower the rate, bring back -- >> it's crazy. we have companies moving to ireland. ireland is very, very robust economy now. what's the point of that? >> they are still focused on borrowing more money from china and using government money to create jobs. this is the way to create jobs. >> given the fact our labor costs are low and our energy costs are among the best in the world, there is really no reason not to do business here. if we do business overseas, labor is much cheaper and energy much cheaper. both are in the squeeze box. let them send it can ba. start building plants where th
the taxes. only chile, norway and the united states are the only ones that haven't. don't you think we would get more jobs? isn't that the one thing? the president has been amenable to it. that's the one thing we could do in the next three months. lower the corporate tax. >> yes, make a deal with the company. the president may think, harks they brought the money back and all they did was raise the dividend. >> but lower the rate, bring back -- >> it's crazy. we have companies...
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>> i am applying for my blue passport. >> do you still pay taxes in france? >> no, i don't. >> it's unbelievable, isn't it? >> it is crazy. >> you only got 7% of your assets. i'm surprised you have that much in france. >> french companies are global. second, they've been beaten up so much. no, no -- >> i got you. >> you have no access to capital. so the only very good businesses have survived in france. >> they've got to be good. >> that's right. that's right. so they don't need much capital, they usually have brands, more towards the services side of things, they're very global and as a consequence, you do find great stocks listed in france with very -- >> you went to a french business school. >> yes, that's an oxymoron. >> thank you for playing along. >> thanks for coming in. >> thanks for having me. >>> let's get back to this hour's special guest, philadelphia federal reserve president charles plosser. you've heard of guys that build like bomb shelters and stock it with canned goods. there are people in the past that said once the government puts in a poli
>> i am applying for my blue passport. >> do you still pay taxes in france? >> no, i don't. >> it's unbelievable, isn't it? >> it is crazy. >> you only got 7% of your assets. i'm surprised you have that much in france. >> french companies are global. second, they've been beaten up so much. no, no -- >> i got you. >> you have no access to capital. so the only very good businesses have survived in france. >> they've got to be good....